Lower Your 2010 Honda Element Insurance Rates

Trying to find better car insurance rates for your Honda Element? Searching for affordable car insurance over the internet may be problematic for people who are new to online price comaprisons. When there are so many online companies available, how can anyone effectively compare them all to find the lowest rates?

Finding affordable coverage is easy if you know what you’re doing. If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using these methods. Nevertheless, car owners must comprehend how companies sell insurance online and use this information to your advantage.

Comprehensive Auto Insurance Comparison Quotes

To find the best auto insurance prices, there are several ways of comparing price quotes from local auto insurance companies. The simplest method to find the cheapest 2010 Honda Element insurance rates involves getting comparison quotes online. It is quite easy and can be accomplished in a couple of different ways.

The most efficient way to compare a lot of rates at once is to use a rate comparison form click to view form in new window. This method eliminates the need for a different quote for each company. A single form will get you rate comparisons direct from many companies. Just one form and you’re done.

A more difficult way to analyze rates requires a visit to each company website and request a quote. For examples sake, we’ll pretend you want comparison quotes from Liberty Mutual, Safeco and Travelers. To get each rate you have to visit each site and enter your information, which is why most consumers use the first method.

For a handy list of car insurance company links in your area, click here.

Which method you use is up to you, but make absolute certain that you use exactly the same information with each company. If you have different limits and deductibles on each one you can’t possibly determine which rate is truly the best. Just a small difference in insurance coverages can make a big difference in price. Just keep in mind that comparing a large number of companies helps locate the best price.

Save big with these discounts

Companies that sell car insurance don’t list all their discounts in an easy-to-find place, so we break down some of the more common as well as the least known savings tricks you should be using.

  • No Charge for an Accident – Certain companies allow you one accident before your rates go up if you are claim-free for a certain period of time.
  • Distant Student – Any of your kids living away from home attending college and don’t have a car can be insured at a reduced rate.
  • Multiple Policy Discount – If you insure your home and vehicles with one insurance company you could get a discount of at least 10% off all policies.
  • Homeowners Savings – Owning a house can help you save on insurance coverage because of the fact that having a home is proof that your finances are in order.
  • Early Signing – Some insurance companies reward drivers for signing up prior to your current policy expiration. This can save 10% or more.
  • No Claims – Claim-free drivers pay much less as compared to drivers who are more careless.
  • Discount for Life Insurance – Larger companies have a break if you buy life insurance from them.
  • Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems may earn rate discounts up to 30%.

It’s important to understand that many deductions do not apply to your bottom line cost. Most only reduce specific coverage prices like liability and collision coverage. Just because it seems like all those discounts means the company will pay you, you won’t be that lucky.

For a list of companies with the best insurance coverage discounts, click here to view.

Honda Element rates are in the details

It’s important that you understand some of the elements that come into play when calculating your insurance rates. Having a good understanding of what controls the rates you pay helps enable you to make changes that could result in better insurance rates.

The list below includes a partial list of the pieces that factor into premiums.

  • Special features that cut premiums – Choosing a vehicle with an alarm system can get you a discount on your insurance. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your car from being stolen.
  • Lower miles equals lower premium – The more miles you rack up on your Honda in a year’s time the higher your rate. Almost all companies rate vehicles based on their usage. Cars and trucks not used for work or commuting can get a lower rate compared to those used for work or business. Ask your agent if your insurance policy properly reflects how each vehicle is driven, because it can save money. If your policy improperly rates your Element may be costing you.
  • Older drivers pay less – More mature drivers are more cautious drivers, tend to cause fewer accidents and are safer drivers. Young drivers tend to get distracted easily when driving therefore insurance rates are much higher.
  • Being married is a good thing – Having a wife or husband actually saves money on your insurance policy. It usually means you are more mature and responsible and statistics show married drivers get in fewer accidents.
  • What are your deductibles? – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Honda. A few examples of covered claims are colliding with a building, vandalism, and burglary. Your deductibles are how much you are willing to pay out-of-pocket before your insurance pays a claim. The more expense you have to pay, the less your insurance will be on Element insurance.
  • More people means more accidents – Living in a rural area has it’s advantages when it comes to insurance. Drivers in populated areas tend to have congested traffic and longer commutes to work. Fewer people translates into fewer accidents.
  • Cautious drivers pay less – A bad driving record has a huge affect on how much you pay. Drivers with clean records tend to pay less for car insurance than people who have multiple driving citations. Even one citation may increase your cost by twenty percent. If you have severe violations such as hit and run, DWI or reckless driving convictions may find they need to submit a SR-22 form with their state motor vehicle department in order to drive a vehicle legally.

But I don’t know anything about car insurance

When buying the right insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s situation is unique.

For instance, these questions can help discover whether you will benefit from professional help.

  • Do I need roadside assistance coverage?
  • How much liability insurance is required?
  • Who is covered by my policy?
  • Does liability extend to a camper or trailer?
  • Does insurance cover damages from a DUI accident?
  • Does insurance cover tools stolen from my truck?
  • What should my uninsured motorist coverage limits be in my state?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form.

Car insurance coverage basics

Learning about specific coverages of your policy aids in choosing the best coverages for your vehicles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

Collision protection

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as sustaining damage from a pot hole, hitting a mailbox, hitting a parking meter and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like damage from getting keyed, falling objects, damage from a tornado or hurricane and vandalism. The highest amount your car insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

UM/UIM Coverage

This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Honda Element.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability car insurance

This can cover damages or injuries you inflict on other’s property or people by causing an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things such as bail bonds, medical expenses and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible.

Medical costs insurance

Med pay and PIP coverage provide coverage for immediate expenses for things like pain medications, chiropractic care, doctor visits, dental work and prosthetic devices. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay

And the best car insurance company is…

While you’re price shopping online, make sure you don’t sacrifice coverage to reduce premiums. Too many times, someone sacrificed full coverage only to regret at claim time that it was a big mistake. Your aim should be to get the best coverage possible at the best price while still protecting your assets.

We’ve covered a lot of techniques to compare 2010 Honda Element insurance prices online. The most important thing to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may even find the best prices are with the least-expected company.

Cheaper insurance can be found on the web and also from your neighborhood agents, and you need to price shop both in order to have the best chance of saving money. Some insurance providers may not provide online price quotes and usually these small insurance companies provide coverage only through local independent agents.

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